Wesbanco Bank Inc. Has $212,000 Position in Republic Services, Inc. (NYSE:RSG)

Wesbanco Bank Inc. lessened its position in Republic Services, Inc. (NYSE:RSG) by 12.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,056 shares of the business services provider’s stock after selling 150 shares during the quarter. Wesbanco Bank Inc.’s holdings in Republic Services were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Republic Services by 18.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 65,723 shares of the business services provider’s stock worth $13,222,000 after purchasing an additional 10,142 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Republic Services by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,248 shares of the business services provider’s stock worth $9,304,000 after purchasing an additional 341 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at about $237,000. Segment Wealth Management LLC increased its stake in shares of Republic Services by 1.8% in the fourth quarter. Segment Wealth Management LLC now owns 5,242 shares of the business services provider’s stock valued at $1,055,000 after buying an additional 95 shares during the period. Finally, Perpetual Ltd increased its stake in shares of Republic Services by 8.4% in the fourth quarter. Perpetual Ltd now owns 66,299 shares of the business services provider’s stock valued at $13,338,000 after buying an additional 5,111 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 0.2 %

Shares of NYSE:RSG opened at $211.74 on Friday. The business’s 50 day simple moving average is $209.37 and its two-hundred day simple moving average is $204.98. The firm has a market cap of $66.31 billion, a P/E ratio of 33.88, a PEG ratio of 3.07 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $168.58 and a 52-week high of $220.58.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Oppenheimer increased their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price target on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, CIBC upped their target price on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $222.24.

Insider Activity

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.